Ultimate Guide to Asset Tracking

May 17, 2022
Ultimate Guide to Asset Tracking

Metalcraft's rich history spans more than seven decades and during that time we've learned a thing or two about asset tracking solutions. In fact, we literally wrote the book on the subject. Download our Ultimate Guide to Asset Tracking to learn everything you need to know about asset tracking and read on for a summary of the information you will find in the guide.

What is Asset Tracking and Asset Management?

Asset tracking is how companies and organizations track key information about their assets. Asset management goes beyond tracking assets to include many other functions: maintenance management, security control, service management, warranty control, calibration maintenance, tool control and much more.

Who Manages These Assets?

Today, the employee(s) assuming the responsibilities of asset management varies from business to business and throughout the organization. The Property/Asset Manager must serve as a catalyst to "make things happen" to ensure that a comprehensive asset tracking solution and controlling program is established, implemented, and maintained.

Benefits of an Asset Tracking System

  • Reduced Costs

  • Increased Efficiency

  • Increased Accuracy

  • Increased Transparency

  • Scalability

Benefits of an Automated Asset Tracking System

An automated asset tracking system provides all the benefits listed previously but take the following benefits to the next level.

  • Increased efficiency - eliminating manual labor within business operations

  • Increased accuracy - on average a person makes a mistake in one out of over 300 characters they write; barcode and/or RFID tags significantly reduces or even eliminates this possibility; reduces inventory tracking errors

  • Increased productivity - collecting accurate data in real-time allows for better, more timely decision making

     

Planning and Implementing an Effective Asset Tracking Program

The following steps will help you plan and implement an effective asset tracking system. For more information about each of these steps please download the Ultimate Guide to Asset Tracking.

  1. Assemble Your Dream Team

  2. Do Your Homework

  3. Perform Needs Analysis

  4. Determine Methodology

  5. Make Your List

  6. What to Track

  7. Software Needs Analysis

  8. Determine Technology

  9. Cover Your Bases

  10. Make it Official

For more information or to start working on your asset tracking application today please download the Ultimate Guide to Asset Tracking or contact us at 800-437-5283 or metalcraft@idplate.com

 

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